I am just looking in the book now. If it is an extended 5th wave, it says the following: "Extended 5th waves, truncated 5ths and ending diagonals(I am still learning those latter two) all imply the same thing- dramatic reversal ahead" . I will be curious to see how this plays out and good luck if you are an investor...I will add that this actually also happened on WTC yesterday..And like an ass I rushed in on the 5th (with only a little laddering) and it is correcting now as we speak...
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SO this is how we learn..Because of the "news" of masternodes I jumped in, (fear and greed, I shake my head everytime it happens to me, lol)...But the TA leads over the news, right Haejin?...After jumping in and watching it fall like a mofo, it lead me back to the book..